By Rory Gallivan
LONDON--Luxury clothing company Burberry Group PLC Wednesday
reported a rise in second-half sales, helped by online growth, but
said it expects currency movements to hurt profit.
Revenue for the six months ended March 31 rose 19% from the same
period last year to GBP1.3 billion ($2.2 billion), the company
said, adding that footfall in stores remained soft but online
traffic grew.
"While current exchange rates are a material headwind in what
remains an uncertain macro environment, our continued global brand
momentum provides an excellent foundation for the future," said
Chief Executive Officer Angela Ahrendts, who is leaving to join
Apple Inc. later this year.
Shares closed Tuesday at 1,422 pence, valuing the company at
GBP6.3 billion.
Write to Rory Gallivan at rory.gallivan@wsj.com
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